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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:35 EDTLEE, TCS, AVT, SONC, GALTHigh option volume stocks: LEE TCS AVT SONC GALT
News For LEE;TCS;AVT;SONC;GALT From The Last 14 Days
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October 8, 2014
16:32 EDTTCSContainer Store CEO says still has 'no layoff policy'
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October 7, 2014
17:08 EDTTCSContainer Store still looks expensive, Barron's says
Container Store shares still look expensive despite the recent drop, Barron's argues in its 'Barron's Take' column. Reference Link
16:19 EDTTCSOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory and remained there for the entire session. A weak industrial production report out of Germany and the IMF's lowering of its global growth forecast filled the news void left by another relatively light day on the domestic economic calendar. The volume was heavy and the selling was broad based, with each of the major equity indexes losing more than 1.5%. ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings surged 230K to 4.835M in August, marking their highest level since January 2001. Consumer credit rose only $13.5B in August, missing expectations for an increase in credit of $20B. In Europe, German industrial production dropped 4% sequentially in August on an adjusted basis, which was a steeper slide than economists forecast and its biggest decline since January 2009. Also of note, the International Monetary Fund cut its global economic growth forecasts for the third time this year. The growth forecast for 2014 was trimmed to 3.3% from a July forecast of 3.4%, while the 2015 projection was lowered to 3.8% from 4.0% previously. COMPANY NEWS: AGCO (AGCO) fell $4.97, or 10.55%, to $42.13 after the company lowered its third quarter view and cut its fiscal year 2014 earnings per share outlook for a second time after previously lowering it in July. The stock, along with several others in the U.S. machinery industry, were downgraded today at Bank of America Merrill Lynch. Merrill also downgraded Deere (DE) to Underperform from Neutral this morning, citing the collapse in corn and soybean pricing and the strengthening U.S. dollar, and its shares also declined $2.83, or 3.42%, to $80.01. MAJOR MOVERS: Among the notable gainers was GT Advanced (GTAT), which rebounded 41c, or 51.25%, to $1.21 following its sharp, 93% decline yesterday after its unexpected bankruptcy filing. Today's recovery, however, still leaves the stock far below the $11 per share level where it began yesterday's trading session. Also higher was CalAmp (CAMP) which rose $3.47, or 21.03%, to $19.97 and was upgraded to Outperform at Macquarie after the wireless technology solutions maker's Q2 report. Among the noteworthy losers was SodaStream (SODA), which sunk $6.05, or 21.94%, to $21.52 after the home beverage carbonation system maker warned that revenue for its third quarter will come in well below Wall Street estimates. Also lower were shares of The Container Store Group (TCS), which dropped $5.45, or 24.9%, to $16.44 after the company lowered its fiscal 2014 outlook. The decline sent the stock below the $18.00 level, where its initial public offering priced last November. INDEXES: The Dow dropped 272.52, or 1.6%, to 16,719.39, the Nasdaq fell 69.60, or 1.56%, to 4,385.20, and the S&P 500 declined 29.73, or 1.51%, to 1,935.09.
10:18 EDTTCSHigh option volume stocks
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09:14 EDTTCSOn The Fly: Pre-market Movers
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05:57 EDTTCSContainer Store price target lowered to $18-$19 at Wells Fargo
Wells Fargo lowered its price target range for Container Store shares to $18-$19 from $22-$24, saying the company missed comp estimates for the second consecutive quarter and lowered guidance. Wells says it was surprised to see comps so weak given the benefit of incremental promotions and keeps a Market Perform rating on the stock.
October 6, 2014
18:31 EDTTCSOn The Fly: After Hours Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 6.1% after reporting second quarter results, third quarter and fiscal 2015 guidance. ALSO HIGHER: Rex Energy (REXX), up 2.9% following replacement of GT Advanced (GTAT) in S&P 600. DOWN AFTER EARNINGS: Container Store (TCS), down 11.9% after cutting fiscal 2014 outlook. ALSO LOWER: EZCORP (EZPW), down 11.1% after announcing that the company expects fourth quarter results below previously issued guidance range... BreitBurn Energy (BBEP), down 3.4% after filing to sell 14M common units representing limited partners... Zillow (Z), down just under 1% after reporting 82.81M monthly unique users in September.
17:23 EDTTCSContainer Store plummets after cutting fiscal 2014 outlook
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16:16 EDTTCSContainer Store sees FY14 adjusted EPS 41c-46c, consensus 49c
16:14 EDTTCSContainer Store down over 10% following Q2 results, updated guidance
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16:13 EDTTCSContainer Store sees Q3 SSS flat to down single digits
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16:12 EDTTCSContainer Store raises FY14 EPS view to 52c-57c with gains, from 49c-54c
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16:08 EDTTCSContainer Store reports Q2 EPS 11c, consensus 11c
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15:25 EDTTCSNotable companies reporting after market close
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14:18 EDTTCSContainer Store technical comments ahead of results
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